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NinjaTradingServices
Mar 16, 2021 8:51 AM

BITCOIN FAKE OUT DOUBLE TOP! Short

Bitcoin / United States DollarCoinbase

Description

This looks like we might have our weekly double top fake out.

Volume decreasing as price moves higher.

Historical analogue points to bear market.

Price has gone parabolic, parabolic moves NEVER last.


If we keep breaking lower the area to buy back in is 15-20k range where a weekly inverse head and shoulders should form.

Comments
theo91985
While crudely drawn, this analysis is likely going to prove very accurate. There might be a final desperate push upwards but ~15k in a year is about right if history has anything to say. I hope people don't get caught up in the 'life changing money or nothing' fallacy which really does hurt when things come back to earth. Nice post, clearly states the facts.
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